CATERPILLAR FOUNDATION
Caterpillar Foundation is a United States charitable organisation based at 100 NE Adams Street, Peoria, Illinois 61629-5190. The Internal Revenue Service recognises it under employer identification number (EIN) 37-6022314 as exempt under section 501(c)(3) of the Internal Revenue Code and classifies it as a private non-operating foundation. The IRS Exempt Organizations Business Master File records its organisational type as a corporation, its exemption ruling date as October 1953, its exempt status as current, and its most recent recorded tax period as ending December 2025.
The identifiers stored against this page need correction. The number 0805277896 is a Texas Secretary of State filing number, not a federal or Illinois identifier, and the date recorded with it, 5 October 2023, cannot be the formation date of an entity whose federal exemption was ruled in October 1953; at most it records a state filing made in Texas. Caterpillar Foundation itself reports to a single state, Illinois, at line 8a of its federal return. Texas Secretary of State hosts did not resolve from this research environment on 30 September 2026 and the Illinois Secretary of State business search returned HTTP 403, so neither state filing could be inspected and the state and date of incorporation remain unconfirmed by a registry source.
Caterpillar Foundation is a grantmaking body rather than a trading company. It sells no products or services and reports no program service revenue. Its Form 990-PF for the calendar year 2025 records contributions, gifts and grants paid of USD 55,756,781 against total operating and administrative expenses of USD 2,108,309. Its published eligibility rules limit awards to organisations holding 501(c)(3) status or an international equivalent and to programmes delivered in the areas surrounding Caterpillar facilities, and exclude capital campaigns, scholarships, hospitals, churches and anything of direct benefit to the Caterpillar business itself. International grantmaking is administered through intermediaries: Give2Asia and Charities Aid Foundation America both appear among the foundation’s highest paid professional service providers for 2025, alongside Bank of America Merrill Lynch for investment management.
For a private foundation the meaningful measure of financial scale is total assets and grants paid, not revenue. At 31 December 2025 Caterpillar Foundation reported total assets of USD 265,809,939 at book value and USD 285,142,197 at fair market value, against USD 233,585,354 at book value twelve months earlier. It received USD 50,000,000 in contributions during the year and recorded net investment income of USD 39,388,211. The same return lists no employee paid more than USD 50,000 and shows its officers devoting between 0.10 and 32 hours a week to the foundation. The employee band of 100,000 or more carried in the source data is therefore a conflation: it belongs to a listed manufacturer that reported about 118,000 full-time employees at 31 December 2025 in its Form 10-K, not to this foundation.
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Shareholders
5
Shareholders of Caterpillar Foundation
Caterpillar Foundation has no shareholders and no share capital. It is a corporation recognised by the Internal Revenue Service as a section 501(c)(3) private non-operating foundation, and the IRS Exempt Organizations Business Master File records its organisational type as a corporation rather than a trust. A corporate foundation of this kind is a non-stock, non-profit corporation: it issues no shares, keeps no register of holders, has no percentage of share capital to allocate and confers no dividend or residual claim on its assets. The question of who owns Caterpillar Foundation therefore has no answer in the company-law sense, and none is offered here.
What the federal return does disclose is membership and funding rather than ownership. The Form 990-PF for the calendar year 2025, submitted on 25 June 2026, lists Caterpillar Inc. in Part VII with the title Member, at 0.10 hours a week and zero compensation, and names Caterpillar Inc. in Part XIV as a foundation manager that has contributed more than 2 per cent of the total contributions the foundation has received. The foundation received USD 50,000,000 in contributions during 2025. Membership of a non-stock corporation is a governance right, not an equity holding, and no ownership percentage arises from it.
Ultimate beneficial ownership
No ultimate beneficial owner of Caterpillar Foundation can be identified, because the concept does not apply to this entity in the ownership sense. There is no equity for a person to hold, directly or indirectly, and no person is entitled to the foundation’s assets: the assets of a section 501(c)(3) private foundation are dedicated to charitable purposes. Control rests with the board and the sole disclosed member, and the federal return discloses no individual with an economic interest. A UBO percentage is not calculated here and none should be inferred.
Data availability
Shareholder and beneficial ownership availability for this entity is best described as not applicable rather than partial or restricted, because the entity type does not generate the data. Readers should also be aware of a defect in the underlying provider record: it carries 16 shareholder rows naming institutional investors, including Northern Trust Corporation, State Street Corporation, Morgan Stanley, the SPDR S&P 500 ETF Trust and the iShares Core S&P 500 ETF, each with an ordinary share price of USD 546.13 and holdings of several million shares, verified 4 September 2026. Those rows describe the register of a listed S&P 500 constituent and were imported against the wrong entity. One row records 35,003,346 shares, which measured against the 468,478,923 shares of Caterpillar Inc. common stock outstanding at 30 June 2025 is roughly 7.5 per cent, not the 16.1 per cent stated in the row; the stored percentages are shares of a sampled subset rather than of issued capital. None of those rows is published here as ownership of Caterpillar Foundation.
Sources
Caterpillar Foundation, Form 990-PF for the tax year 2025 (IRS object ID 202641769349100704), submitted 25 June 2026, read on 30 September 2026 through ProPublica Nonprofit Explorer’s reproduction of the IRS electronic filing record: https://projects.propublica.org/nonprofits/organizations/376022314/202641769349100704/full
Internal Revenue Service, Exempt Organizations Business Master File extract, record for EIN 37-6022314, downloaded 30 September 2026: https://www.irs.gov/pub/irs-soi/eo2.csv
Internal Revenue Service, Tax Exempt Organization Search, retrieved 30 September 2026: https://apps.irs.gov/app/eos/
Caterpillar Inc., Form 10-K for the year ended 31 December 2025, filed with the US Securities and Exchange Commission on 13 February 2026, retrieved 30 September 2026: https://www.sec.gov/Archives/edgar/data/18230/000001823026000008/cat-20251231.htm
Data-provider feed — rows as supplied to Zavia for Texas Secretary of State — SOSDirect, including entries the profile above does not cover. These rows are not a verbatim copy of the register: they have been found to duplicate the same person under different spellings and to keep a status of Active after an appointment ended. Where they disagree with the profile above, the profile is the checked version.
| Shareholder | Type | Holding | Source Document |
|---|---|---|---|
| State Street Corporation | 16.1% | Texas Secretary of State — SOSDirect | |
| Morgan Stanley | 3.3% | Texas Secretary of State — SOSDirect | |
| Northern Trust Corporation | 2.9% | Texas Secretary of State — SOSDirect | |
| iShares Trust-iShares Core S&P 500 ETF | 2.7% | Texas Secretary of State — SOSDirect | |
| SPDR S&P 500 ETF TRUST | 2.6% | Texas Secretary of State — SOSDirect |
Officers
5
Directors and officers of Caterpillar Foundation
The officers and directors of Caterpillar Foundation are published annually in Part VII of its Form 990-PF. The return for the calendar year 2025, submitted on 25 June 2026, discloses 12 individuals together with one corporate member. The offices held are Chairman of the Board, President and Director, two Vice Presidents, Treasurer, Secretary, Chief of Operations, and five further Directors. Katheryn Dickey Karol is listed as Chairman of the Board and Asha Varghese as President and Director. Every individual is reported with zero compensation, zero contributions to employee benefit plans and zero expense allowances from the foundation. Declared time commitment varies sharply: 32 hours a week for one Vice President, 28 for the Chief of Operations, 26 for the second Vice President, 20 for the President, and 0.10 hours a week for the Chairman, the Treasurer, the Secretary and each Director. Caterpillar Inc. appears in the same table with the title Member. Officer addresses on the return are business addresses in Peoria, Illinois, Irving, Texas and Washington, DC, and are correspondence addresses only.
The Form 990-PF carries no appointment or resignation dates and no officer status field, so no person named on the 2025 return can be described here as newly appointed, resigned or removed, and no recent officer changes are asserted. The list should be read as the position reported for the 2025 reporting year.
A defect in the underlying provider record should be recorded. The five officer rows stored against this entity are not the foundation’s officers. They name Joseph E. Creed as Chief Operating Officer, Courtney W. Dean as Chief Compliance Officer, Otto Breitschwerdt as Chief Technology Officer and Senior Vice President, and Denise C. Johnson as Group President of Resource Industries. Those are executive titles of Caterpillar Inc., the listed manufacturer, and none of them is an office that exists at this foundation. Two of the rows are wrong twice over: Caterpillar Inc.’s Form 10-K for the year ended 31 December 2025 records Joseph E. Creed as its Chief Executive Officer since 2025 and as Chief Operating Officer only between 2023 and 2025, so the stored title is also out of date; and Denise Carolyn Johnson does sit on this foundation’s board, but as a Director, not as Group President of Resource Industries. The overview above is built from the Form 990-PF, not from those rows.
Data availability
Officer information for Caterpillar Foundation is current only: the Form 990-PF gives a complete snapshot of officers, directors and trustees for each reporting year, with titles, business addresses, hours per week and compensation, but no appointment or termination dates and therefore no history of changes. Nationality is not disclosed, and country of residence is not disclosed: the Form 990-PF does not collect either field, nor date of birth, and no state corporate registry record for this entity could be retrieved on 30 September 2026, so neither can be supplied from a state filing. No nationality has been inferred from a name or from a correspondence address.
Sources
Caterpillar Foundation, Form 990-PF for the tax year 2025, Part VII, Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees, and Contractors (IRS object ID 202641769349100704), submitted 25 June 2026, read 30 September 2026: https://projects.propublica.org/nonprofits/organizations/376022314/202641769349100704/full
Caterpillar Foundation filing index, ProPublica Nonprofit Explorer, retrieved 30 September 2026: https://projects.propublica.org/nonprofits/organizations/376022314
Caterpillar Inc., Form 10-K for the year ended 31 December 2025, Information About Our Executive Officers, filed 13 February 2026, retrieved 30 September 2026: https://www.sec.gov/Archives/edgar/data/18230/000001823026000008/cat-20251231.htm
Data-provider feed — rows as supplied to Zavia for Texas Secretary of State — SOSDirect, including entries the profile above does not cover. These rows are not a verbatim copy of the register: they have been found to duplicate the same person under different spellings and to keep a status of Active after an appointment ended. Where they disagree with the profile above, the profile is the checked version.
Group Structure
Group structure of Caterpillar Foundation
Caterpillar Foundation is not the parent of a corporate group. Its Form 990-PF for the calendar year 2025 answers No to Part VII-A question 11, which asks whether the foundation at any time during the year directly or indirectly owned a controlled entity within the meaning of section 512(b)(13). No subsidiary, branch or joint venture is disclosed on the return, and none was located in any reachable official source. Part XIV also records no manager of the foundation holding 10 per cent or more of an entity in which the foundation holds 10 per cent or more.
The one verifiable corporate relationship runs upward rather than downward. The same return lists Caterpillar Inc. in Part VII with the title Member, and names Caterpillar Inc. in Part XIV as a foundation manager that has contributed more than 2 per cent of total contributions received. Caterpillar Foundation is therefore a corporate foundation whose sole disclosed member and principal funder is Caterpillar Inc., a Delaware corporation with principal executive offices at 5205 N. O’Connor Boulevard, Irving, Texas, listed on the New York Stock Exchange under the ticker CAT, SEC Commission File No. 1-768 and CIK 0000018230. Membership of a non-stock corporation is not a shareholding, so no ownership or voting percentage is reported for this relationship and none should be inferred.
Verified corporate relationships
Caterpillar Inc., United States (Delaware), SEC CIK 0000018230, EIN 37-0602744, NYSE: CAT. Relationship: sole disclosed member of Caterpillar Foundation and substantial contributor. Ownership: not applicable, non-stock corporation. Status: active registrant. Information date: Form 990-PF for the tax year 2025, submitted 25 June 2026.
No other entity is verified as a parent, subsidiary, sister company or branch of Caterpillar Foundation.
Data quality note on the stored corporate linkage
The corporate-linkage data held against this record does not belong to this foundation. It is a tree of 434 nodes rooted on Caterpillar Foundation whose immediate children include Caterpillar Remanufacturing Drivetrain LLC, Caterpillar Forest Products Inc., Progress Rail Holdings, Inc., Caterpillar Southern Africa (Pty) Ltd and Caterpillar Luxembourg LLC, and which runs five levels deep through Australian, Luxembourg and Latin American holding companies. That is the operating structure of the listed manufacturing group, attached to the wrong entity. A private foundation that answers No to the controlled-entity question on its own federal return has no such structure, and none of those 434 entities is presented here as a subsidiary or affiliate of Caterpillar Foundation.
Data availability
Corporate-linkage information for this entity is partial. The upward relationship is documented in a filed federal return, but the foundation’s own incorporation record could not be retrieved: Texas Secretary of State hosts did not resolve from this research environment on 30 September 2026 and the Illinois Secretary of State business entity search returned HTTP 403, so the state and date of incorporation are unconfirmed. The absence of a disclosed subsidiary is supported by the foundation’s own answer on its federal return rather than by a registry search, and should not be read as proof that no relationship of any kind exists.
Sources
Caterpillar Foundation, Form 990-PF for the tax year 2025, Part VII-A question 11 and Part XIV (IRS object ID 202641769349100704), submitted 25 June 2026, read 30 September 2026: https://projects.propublica.org/nonprofits/organizations/376022314/202641769349100704/full
Caterpillar Inc., Form 10-K for the year ended 31 December 2025, cover page, filed with the US Securities and Exchange Commission on 13 February 2026, retrieved 30 September 2026: https://www.sec.gov/Archives/edgar/data/18230/000001823026000008/cat-20251231.htm
US Securities and Exchange Commission, EDGAR filing index for Caterpillar Inc., CIK 0000018230, retrieved 30 September 2026: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000018230&type=10-K
Internal Revenue Service, Exempt Organizations Business Master File extract, record for EIN 37-6022314, downloaded 30 September 2026: https://www.irs.gov/pub/irs-soi/eo2.csv
Data-provider feed — rows as supplied to Zavia for Texas Secretary of State — SOSDirect, including entries the profile above does not cover. These rows are not a verbatim copy of the register: they have been found to duplicate the same person under different spellings and to keep a status of Active after an appointment ended. Where they disagree with the profile above, the profile is the checked version.
CATERPILLAR FOUNDATION
United States
Get complete shareholder and officer records, ultimate beneficial owner resolution, and ongoing ownership monitoring.
Frequently Asked Questions
What does CATERPILLAR FOUNDATION do?
Caterpillar Foundation is a grantmaking charitable organisation, not a trading company. The IRS recognises it under EIN 37-6022314 as exempt under section 501(c)(3) and classifies it as a private non-operating foundation, with an exemption ruling dated October 1953 and a registered address at 100 NE Adams Street, Peoria, Illinois. It makes grants to charities rather than selling goods or services; its Form 990-PF for 2025 reports grants paid of USD 55,756,781. The registration number 0805277896 stored against this record is a Texas Secretary of State filing number and the linked date of 5 October 2023 is not the formation date.
Who owns CATERPILLAR FOUNDATION?
Caterpillar Foundation has no shareholders and no share capital. As a non-stock, non-profit corporation it issues no shares and keeps no register of holders. Its Form 990-PF for 2025 lists Caterpillar Inc. as its Member and as a contributor of more than 2 per cent of total contributions received, which is a membership and funding relationship, not a shareholding. The 16 institutional shareholder rows held in the source data, naming Northern Trust, State Street, Morgan Stanley and two S&P 500 index funds at a share price of USD 546.13, belong to a listed company and were imported against the wrong entity.
Who is CATERPILLAR FOUNDATION's UBO (Ultimate Beneficial Owner)?
No ultimate beneficial owner applies. For a non-stock charitable foundation the UBO concept does not exist in the ownership sense: there is no equity to hold and no person is entitled to the assets, which are dedicated to charitable purposes under section 501(c)(3). Control sits with the board of directors and the sole disclosed member, Caterpillar Inc., and the Form 990-PF discloses no individual with an economic interest. No beneficial owner and no ownership percentage are published for this entity.
What is CATERPILLAR FOUNDATION's company registration number?
CATERPILLAR FOUNDATION's registration number is 0805277896, filed with Texas Secretary of State — SOSDirect in United States. Its current status on the register is active.
Is CATERPILLAR FOUNDATION still an active company?
CATERPILLAR FOUNDATION's status on Texas Secretary of State — SOSDirect is listed as active.
When was CATERPILLAR FOUNDATION incorporated?
CATERPILLAR FOUNDATION was incorporated on 5 October 2023, according to Texas Secretary of State — SOSDirect.
What is CATERPILLAR FOUNDATION's registered address?
The registered address on file for CATERPILLAR FOUNDATION is PEORIA, United States.
What is CATERPILLAR FOUNDATION's revenue?
Revenue is not the right measure for a private foundation. For the calendar year 2025 Caterpillar Foundation reported contributions received of USD 50,000,000, net investment income of USD 39,388,211, grants paid of USD 55,756,781, and total assets of USD 265,809,939 at book value and USD 285,142,197 at fair market value at 31 December 2025, per its Form 990-PF. The 100,000-plus employee band attached to this record belongs to a listed manufacturer, not to the foundation, which reports no employee paid more than USD 50,000.
Is CATERPILLAR FOUNDATION listed on a stock exchange?
Caterpillar Foundation is not listed on any stock exchange and has no ticker. It is a non-stock, non-profit corporation with no securities to trade. The listed entity associated with it is Caterpillar Inc. (NYSE: CAT, SEC CIK 0000018230), which is a separate legal person.
Who are the officers/directors of CATERPILLAR FOUNDATION?
The Form 990-PF for the calendar year 2025, submitted 25 June 2026, discloses 12 individuals plus one corporate member. Katheryn Dickey Karol is Chairman of the Board and Asha Varghese is President and Director; the other offices are two Vice Presidents, Treasurer, Secretary, Chief of Operations and five further Directors, with Caterpillar Inc. listed as Member. All are reported with zero compensation from the foundation. The five officer rows in the source data (Joseph E. Creed, Courtney W. Dean, Otto Breitschwerdt, Denise C. Johnson) carry Caterpillar Inc. executive titles, not foundation offices; Joseph E. Creed has been the Chief Executive Officer of Caterpillar Inc. since 2025, so that row is stale as well as misattributed. Nationality and country of residence are not disclosed.
Does CATERPILLAR FOUNDATION have a parent company or subsidiaries?
Caterpillar Foundation discloses no subsidiaries. Its Form 990-PF for 2025 answers No to the question of whether it owned a controlled entity within the meaning of section 512(b)(13) at any time during the year. The only verified relationship is upward: Caterpillar Inc., a Delaware corporation listed on the NYSE as CAT, is its sole disclosed member and substantial contributor, a governance and funding link rather than a shareholding. The 434-node corporate tree stored against this record is the structure of the listed manufacturing group, attached to the wrong entity, and is not published as the foundation group.
Can Zavia monitor changes to CATERPILLAR FOUNDATION's ownership over time?
This profile reflects a point-in-time snapshot from Texas Secretary of State — SOSDirect. Zavia's monitoring API can track changes to CATERPILLAR FOUNDATION's registered shareholders, officers, and group structure going forward, flagging updates as they're filed rather than requiring a manual recheck.
Can I access CATERPILLAR FOUNDATION's data through an API?
Yes. Zavia's API connects directly to official government ownership registries across 195 countries and territories, including United States, so records like CATERPILLAR FOUNDATION's registration, shareholder, UBO, and group-structure data can be queried programmatically instead of viewed one page at a time.
Where does this company information come from, and how current is it?
This record is sourced directly from Texas Secretary of State — SOSDirect and was last synced on 29 September 2026.